readytrader, here with ESPIQ...
No way am I going to defend where the company is currently trading at while sitting here going through their Chapter 11 Bankruptcy (BK) proceedings. I have lost thousands too. However, I think emotions should be removed to not be so finite that the outcome will result in a negative ending for us shareholders. I am no way going finite with my thoughts of a positive outcome, but I have seen enough BK stock situations where there were some positive outcomes that could justify such a possibility here with ESPIQ.
I could post a few of them, but I think it would be better for you simply go Google a few positive situations over the years and you will see that there is at least some hope of a positive outcome. Again... bottom line... there is still a fair chance that something positive could happen from this Chapter 11 BK or they would have just filed Chapter 7 BK instead to just shut everything down for good for the shareholders. So, as slim as it might be, there is hope of a re-organization plan coming from this. I'll continue to wait it out.
v/r
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